Retirement Commercial Real Estate Auction

Online Only Auction

J Laurenzana Auctions

1531 West Jefferson

Springfield, IL 62702

Date(s) 8/27/2024 - 9/27/2024

Bidding Begins August 27, 2024 Bidding Ends September 27, 2024 at 7:00 pm

Bidding Open

Online-Only Auction

Shipping Not Available

Catalog

View Catalog (1 Lots)

Bidding Notice:

TERMS: $5000.00 down in guaranteed funds by successful bidder required. Check made payable to Chicago Title; balance due at time of closing. Financing is the sole responsibility of the buyer. Sold as is with no warranty or guarantee written or expressed.

Auction Information

Name	Retirement Commercial Real Estate Auction
Auctioneer	J Laurenzana Auctions
Type	Online-Only Auction
Date(s)	8/27/2024 - 9/27/2024
Auction Date/Time Info	Bidding Begins August 27, 2024 Bidding Ends September 27, 2024 at 7:00 pm
Preview Date/Time	Inspection - Contact Auctioneer
Checkout Date/Time	Bidding Ends September 27, 2024 at 7:00 pm Closing
Location	1531 West Jefferson Springfield, IL 62702
Buyer Premium	1% Buyer's Premium
Description	Retirement Commercial Real Estate Auction 1531 West Jefferson Springfield, IL 62702 Bidding Begins August 27, 2024 Inspection Contact Auctioneer Bidding Ends September 27, 2024 at 7:00 pm Large Multi-Use Building with 5670 Square Feet. Building approximately 81 x 70, built in 1966. 174 Feet of West Jefferson Street Frontage 20 Approximate Parking Spots. Building Entry Double Doors (Glass) Main Doors, with 2 Overhead doors on the west side of the building (7 x 9 and 10 x 12). 36 inch main door access. All mechanical and electric is in good operating order. Building has 2 ½ baths and a kitchenette. 10 x 16 walk in vault with 42 inch by 79 inch main vault entry door, walls are 2 inches thick. 8 x 12 ornamental sign 24 feet high. Traffic counts on West Jefferson 22,000 vehicles per day. Taxes $6451.23 $5000.00 down in guaranteed funds by successful bidder required. Check made payable to Chicago Title; balance due at time of closing. John Laurenzana II, Auctioneer www.laurenzana.com (217) 793-2422

Terms and Conditions

TERMS: $5000.00 down in guaranteed funds by successful bidder is required. Check made payable to Chicago Title; balance due at time of closing. All financing is the sole responsibility of the buyer. Sold as is with no warranty or guarantee written or expressed. John Laurenzana II, Auctioneer www.laurenzana.com (217) 793-2422

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 275,000.00	1,000.00 USD
275,000.01 - 9,999,999.99	500.00 USD

Payment Information

Currency	USD
Buyer Premium	1% Buyer's Premium
Payment Terms	TERMS: $5000.00 down in guaranteed funds by successful bidder required. Check made payable to Chicago Title; balance due at time of closing. Sold as is with no warranty or guarantee written or expressed. John Laurenzana II, Auctioneer www.laurenzana.com (217) 793-2422

Shipping / Pick Up

No Shipping Contact Auctioneer to arrange for closing.